BB Seguridade is the insurance arm of Banco do Brasil, the largest bank in Latin America in terms of total assets, with over 58.5 million customers. BB Seguridade’s activities consist of two complementary businesses, insurance products and brokerage services for each product.
The Davis Polk corporate team included Manuel Garciadiaz, Andrew Lyle, Debora A. Ayoub and Rodrigo Moreira. The tax team included Kathleen L. Ferrell and Kerry S. Price. Catherine L. Martin provided Investment Company Act advice. Erin K. Cho provided ERISA advice. Inés Velasco was the legal assistant for the transaction. All members of the Davis Polk team are based in the São Paulo, New York and Washington DC offices.